Latest Mongolia News

Bastion Mining has taken control of over 90% of Xanadu Mines shares through a takeover bid, moving swiftly to compulsory acquisition and setting the stage for the Kharmagtai project’s next phase.

Advanced Braking Technology Ltd (ABT) posted a robust FY25 with sales up 27% and underlying profits nearly doubling, driven by strong international demand and innovation milestones.

Asian Battery Metals PLC has identified 29 conductive plates, including six high-priority targets, at its Oval Cu-Ni discovery in Mongolia, setting the stage for a drilling restart in August 2025.

Orbminco Limited has executed a binding agreement to acquire the Majestic North Gold Project in Western Australia and commenced maiden drilling, marking a significant step in its growth strategy.

Rio Tinto reports a robust 13% year-on-year increase in copper equivalent production for Q2 2025, alongside record bauxite output and progress on key projects like Simandou and Oyu Tolgoi. The company maintains its 2025 guidance, signaling confidence in its diversified growth strategy.

Bastion Pte. Mining Ltd has secured an 86.8% interest in Xanadu Mines, prompting the board to recommend shareholders accept the takeover offer ahead of its extended July 29 closing date.

TMK Energy has secured a drilling contract for its LF-07 production well, marking a key milestone in its Lucky Fox Pilot Well Project in Mongolia. The company also outlines an ambitious 2025 exploration program aimed at expanding its coal seam gas resources.

Kincora Copper announces a C$4 million private placement backed by prominent North American investors, alongside a planned 10-for-1 share consolidation to accelerate exploration at its Condobolin project.

Asian Battery Metals PLC confirms significant extensions of high-grade copper-nickel-platinum group element mineralisation at its Oval Discovery in Mongolia, bolstering prospects for a large-scale magmatic sulphide system.

TMK Energy is set to drill a new pilot well at its Gurvantes XXXV Coal Seam Gas Project and is making headway in securing strategic partnerships, particularly with Chinese companies experienced in horizontal drilling and fracking.

Xanadu Mines has announced that Bastion Mining’s takeover offer is now unconditional, with key shareholders Zijin and CAAF Ltd accepting the bid and the offer period extended to mid-July.

Orbminco is launching an extended drilling campaign at its Majestic North Gold Project near Kalgoorlie, aiming to confirm and grow its 39,700-ounce resource. The company is also raising an additional A$0.205 million to fund this ambitious exploration push.